Illinois Compiled Statutes 765 Property

Illinois Termination of Powers Act. - 765 ILCS 325, Section 0.01
Short title. This Act may be cited as the Termination of Powers Act.

(Source: P.A. 86-1324.)
Illinois Termination of Powers Act. - 765 ILCS 325, Section 1
Definitions.

When used in this Act unless the context otherwise requires:

(a) "Power" includes any power of appointment, any power to invade...
Illinois Termination of Powers Act. - 765 ILCS 325, Section 2
Right to release.

The donee of a power may:

(a) At any time completely release his power.

(b) At any time...
Illinois Termination of Powers Act. - 765 ILCS 325, Section 3
Manner of effecting release. A release of a power whether complete or partial is effective when the donee thereof signs an instrument in writing...
Illinois Termination of Powers Act. - 765 ILCS 325, Section 4
Release heretofore made.

A release of a power executed prior to the effective date of this Act has the same effect as if...
Illinois Termination of Powers Act. - 765 ILCS 325, Section 5
Right of release not exclusive.

The rights and means provided for in this Act for the release of a power are not exclusive,...
Illinois Termination of Powers Act. - 765 ILCS 325, Section 6
Severability.

If any provision of this Act or the application thereof is held invalid, such invalidity shall not affect the other provisions or...

Last modified: February 20, 2012